PENGU meme coin important signal: South Korean Whale significantly increases holdings, will the price explode by 30-40% in July?

Pudgy Penguins (PENGU) is quickly becoming one of the hottest coins in the meme coin space, and the latest Whale activity may further drive up its price. Market observers currently believe that this coin may be poised for a breakout, with technical patterns and strong exchange inflows indicating a potential pump of 30% to 40%.

Korean Whale Accumulates Large Amounts of PENGU

A striking scene is that three Whale wallets linked to a Korean exchange purchased a total of 945 million PENGU in just one week, worth about 32 million USD. This brings their total coin holdings to 2.92 billion PENGU, valued at nearly 97 million USD. For a meme coin, this is undoubtedly a vote of confidence from real players. This is not just driven by retail investors but also a collaborative purchase from regional giants that have historically led market trends in Asia.

Although PENGU has received attention due to its community enthusiasm, this scale of accumulation has changed people's perceptions. This implies a deeper belief from these Korean exchanges or potential market influence.

PENGU Price Analysis: Get Ready for the Next Higher Target

After the price of PENGU surged significantly above $0.03, the price trend has entered a typical pause phase, likely shaking high-leverage bulls, as analyst ItsCryptoBruh pointed out. This trend is not new. For momentum-driven meme coins, this is textbook: a sudden squeeze, followed by a cool-off, and then another rise.

ItsCryptoBruh's chart indicates that before the bulls aim for a breakout in the 0.045 to 0.050 dollar range, it will retest and set a spring in the 0.029 to 0.030 dollar range.

From a technical perspective, the structure conforms to a continuation pattern. The current trend is still well above the previous consolidation range, and if the trading volume rebounds after the pullback, the structure may trigger a clean breakout.

The price wave of PENGU continues to surge, with not only the price rising but also the market popularity being strong. As shown by Olking07, the latest round of increases has pushed the token near its historical high, clearly visible on the candlestick chart, and the trend line is also very strong. But what is truly remarkable is not the chart, but the market popularity.

"Buy, hold, and accumulate to get rich" is no longer just a meme; it is quickly becoming a community slogan.

Behind the scenes, the technical indicators of PENGU continue to support this trend. The price remains solidly above key moving averages, and there is no apparent weakness in the trend. Whether it reaches a new historical high or not, the confidence behind this token is becoming increasingly difficult to ignore.

PENGU Technical Outlook: Bulls Still Dominate

The momentum of PENGU has not weakened, and this chart from ricistarjan clearly demonstrates this trend. The price is forming a series of clear higher lows, with strong support around $0.031, while resistance lies between $0.038 and $0.045. Structurally, this is a typical uptrend, with diagonal support intact and volume showing no signs of fatigue. The chart also suggests a breakout path, with Fibonacci targets pointing to $0.05 and above.

The horizontal line marks clear retracement points, which PENGU has strictly adhered to so far. If it can convert the resistance level of $0.038 into support, the next wave of impulse may push its price up by 30-40%.

PENGU Price Prediction: Will July See Explosive Growth?

It is undeniable that this momentum is changing. Initially just a joke meme coin, it has now gained support from Whales, smart money accumulation, and a growing community. With the continuous increase in wallets on Korean exchanges and the impressive technical indicators, various factors are preparing for a potential explosive growth in July.

If the resistance level of $0.038 is broken, then a pump of 30% to 40% is not only possible, but within reach.

Nevertheless, the key to the continued hype around PENGU lies in its structure. Price trends, market sentiment, and trading volume all change in sync. The cooling period around $0.030 feels more like a reset rather than a reversal. If the layout proceeds smoothly, as market sentiment shifts from bullish to ecstatic, the price of PENGU could reach an all-time high.